US Bancorp DE Purchases 18,404 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)


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US Bancorp DE lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% during the first quarter, HoldingsChannel reports. The firm owned 844,827 shares of the credit services provider’s stock after buying an additional 18,404 shares during the quarter. US Bancorp DE’s holdings in PayPal were worth $205,159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PYPL. Sterling Financial Planning Inc. lifted its position in PayPal by 200.0% in the 1st quarter. Sterling Financial Planning Inc. now owns 300 shares of the credit services provider’s stock valued at $73,000 after acquiring an additional 200 shares in the last quarter. Park Avenue Securities LLC lifted its position in PayPal by 37.4% in the 1st quarter. Park Avenue Securities LLC now owns 19,257 shares of the credit services provider’s stock valued at $4,676,000 after acquiring an additional 5,240 shares in the last quarter. JJJ Advisors Inc. lifted its position in PayPal by 32.5% in the 1st quarter. JJJ Advisors Inc. now owns 583 shares of the credit services provider’s stock valued at $142,000 after acquiring an additional 143 shares in the last quarter. New England Investment & Retirement Group Inc. lifted its position in PayPal by 2.8% in the 1st quarter. New England Investment & Retirement Group Inc. now owns 24,370 shares of the credit services provider’s stock valued at $5,918,000 after acquiring an additional 653 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in PayPal by 4.6% in the 1st quarter. Lindbrook Capital LLC now owns 1,834 shares of the credit services provider’s stock valued at $445,000 after acquiring an additional 80 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

In other PayPal news, CEO Daniel H. Schulman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 5th. The shares were sold at an average price of $267.76, for a total value of $2,677,600.00. Following the completion of the transaction, the chief executive officer now directly owns 147,402 shares in the company, valued at approximately $39,468,359.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mark Britto sold 1,152 shares of the company’s stock in a transaction that occurred on Friday, February 5th. The shares were sold at an average price of $269.11, for a total transaction of $310,014.72. Following the completion of the transaction, the executive vice president now owns 81,961 shares of the company’s stock, valued at $22,056,524.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 266,350 shares of company stock valued at $70,655,438. Corporate insiders own 0.12% of the company’s stock.

NASDAQ:PYPL traded down $7.93 on Tuesday, hitting $251.16. The company had a trading volume of 265,458 shares, compared to its average volume of 8,843,430. The stock has a market capitalization of $294.93 billion, a price-to-earnings ratio of 97.77, a PEG ratio of 3.53 and a beta of 1.12. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $255.84 and a two-hundred day moving average of $237.76. PayPal Holdings, Inc. has a 52 week low of $120.31 and a 52 week high of $309.14.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, February 3rd. The credit services provider reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.08. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.09 billion. PayPal had a net margin of 15.48% and a return on equity of 18.31%. The firm’s revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 EPS. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 2.8 EPS for the current year.

Several equities research analysts have issued reports on the stock. Piper Sandler lifted their price target on shares of PayPal from $255.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, February 4th. KeyCorp lifted their price target on shares of PayPal from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, February 12th. Atlantic Securities lowered shares of PayPal from an “overweight” rating to a “neutral” rating in a research note on Tuesday, February 16th. Loop Capital lifted their price target on shares of PayPal from $291.00 to $321.00 and gave the company a “buy” rating in a research note on Friday, February 12th. Finally, Mizuho lifted their price target on shares of PayPal from $350.00 to $375.00 and gave the company a “buy” rating in a research note on Thursday, February 4th. Six analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has given a strong buy rating to the company’s stock. PayPal has an average rating of “Buy” and an average price target of $279.00.

PayPal Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, Hyperwallet, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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